Latin Finance - September/October 2009 - 67

sustainable banks survey Rebuilding Trust by Staff Reporters ustainability is no longer an option for LatAm banks, who are increasingly responding to calls from investors to prove good governance, according to a LatinFinance study in association with Madrid-based consultancy Management & Excellence (M&E). The detailed assessment of ethics, corporate social responsibility (CSR) and corporate governance (CG) at the region’s 40 biggest listed financial institutions shows Brazilian institutions continuing to pull ahead. “Sustainability is no longer an option, but a need,” says William Cox, managing director at M&E. He adds that sustainability is a synonym for solid financial management. “More than ever, banks are seeing sustainability as a tendency and not a fashionable term. LatAm banks are increasingly interested in increasing profit though their reputation with investors.” This year’s survey from M&E, which has increased its scope, shows overall compliance dropping to 59.82% this year, from 69.36% in 2008. This year’s study is 40% bigger in terms of criteria, owing to the financial crisis which has increased the need for transparency. And besides changes caused by consolidation, the sample group – the top 40 listed banks – has altered with shifting market capitalization. Nonetheless, Bradesco and Itaú are still on top, with joint first place and a score of 98.68%, versus 96.33% last year. Both are expected to continue to tie, although the distractions of Itaú’s merger with Unibanco gives Bradesco an edge over its competitor, says M&E. However this is counterbalanced by the fact that both Itaú and Unibanco can claim all the points they got last year, when the former was joint first and the latter ranked eighth. S Our fifth annual survey of ethics and sustainability at LatAm’s leading banks shows standards getting tougher as investors demand more. Brazilians continue to stand out. Most Sustainable Banks Brazilians continue to lead Rank 1 3 4 6 7 8 9 10 11 12 13 14 15 16 17 18 20 21 22 23 24 25 26 27 28 30 Bank Bradesco Itaú-Unibanco Santander Banco do Brasil Santander-Real BCI BBVA Chile BBVA Banco Provincial BBVA Colombia Banco Galícia BBVA Banco Continental Ixe Banco de Chile BBVA Banco Frances Bancolombia Banorte Banco de Crédito del Perú Nossa Caixa Santander Banesco Banco Macro BBVA Bancomer Average Scotia Inverlat Scotiabank Mercantil Servicios Banrisul Corpbanca Banco de Bogotá Santander Banamex Accival Country Brazil Brazil Mexico Brazil Brazil Chile Chile Venezuela Colombia Argentina Peru Mexico Chile Argentina Colombia Mexico Peru Brazil Chile Venezuela Argentina Mexico Mexico Peru Venezuela Brazil Chile Colombia Colombia Mexico Score 98.68% 92.05% 91.39% 89.40% 88.08% 86.75% 86.09% 85.43% 84.11% 79.47% 78.15% 77.48% 74.17% 71.52% 68.87% 66.89% 66.23% 62.91% 61.59% 59.82% 56.29% 54.97% 54.30% 50.99% 49.01% 41.06% 39.07% “Both are very committed to sustainability,” says Cox. Rank “They developed a culture vs 2008 of thinking long term, f and discovered that the f social and environmental a impact are important a too,” he adds. a The dynamic _ Brazilian duo is the pair a to beat in the region. _ “Banks as competitive as Bradesco and Itaú_ Unibanco are bound to a tie,” says Cox. “The new _ Itaú-Unibanco is likely to be working hard to a integrate personnel and _ sustainability systems.” _ M&E notes that a Brazilian banks continue to improve practices in a sustainability. Besides a the leaders, Banco do a Brasil, Nossa Caixa and Santander-Real have _ improved their position New versus last year. a “When we talk about _ Latin banks we must _ separate Brazilian banks _ from the other countries,” a says Cox. “While Brazilian _ banks are more mature New and prepared for foreign New investments, the others _ need to understand that New sustainability is a demand a of the market.” According to M&E, the LatinFinance 67 Source: Management & Excellence September/October 2009

Latin Finance - September/October 2009

Table of Contents for the Digital Edition of Latin Finance - September/October 2009

Latin Finance - September/October 2009
Contents
Investment Banking Survey
Who Said That?
OTPP Investment Strategy
Central Bank Scorecards
Brazil Liability Management
Real Estate Equity Resurrected
Structured Finance Forecasts
Grim Outlook. Reform Required
Banorte Seeks to Grow
Peru Spending Hits a Block
BCP Sees Better Days
Caribbean Investment Report
Sustainable Banking
Legal Services Survey
Parting Shot
Latin Finance - September/October 2009 - Latin Finance - September/October 2009
Latin Finance - September/October 2009 - Cover2
Latin Finance - September/October 2009 - Contents
Latin Finance - September/October 2009 - 2
Latin Finance - September/October 2009 - 3
Latin Finance - September/October 2009 - 4
Latin Finance - September/October 2009 - 5
Latin Finance - September/October 2009 - 6
Latin Finance - September/October 2009 - 7
Latin Finance - September/October 2009 - 8
Latin Finance - September/October 2009 - 9
Latin Finance - September/October 2009 - 10
Latin Finance - September/October 2009 - 11
Latin Finance - September/October 2009 - 12
Latin Finance - September/October 2009 - 13
Latin Finance - September/October 2009 - Investment Banking Survey
Latin Finance - September/October 2009 - Who Said That?
Latin Finance - September/October 2009 - 16
Latin Finance - September/October 2009 - 17
Latin Finance - September/October 2009 - 18
Latin Finance - September/October 2009 - 19
Latin Finance - September/October 2009 - 20
Latin Finance - September/October 2009 - 21
Latin Finance - September/October 2009 - 22
Latin Finance - September/October 2009 - OTPP Investment Strategy
Latin Finance - September/October 2009 - 24
Latin Finance - September/October 2009 - 25
Latin Finance - September/October 2009 - Central Bank Scorecards
Latin Finance - September/October 2009 - 27
Latin Finance - September/October 2009 - 28
Latin Finance - September/October 2009 - Brazil Liability Management
Latin Finance - September/October 2009 - Real Estate Equity Resurrected
Latin Finance - September/October 2009 - 31
Latin Finance - September/October 2009 - 32
Latin Finance - September/October 2009 - 33
Latin Finance - September/October 2009 - 34
Latin Finance - September/October 2009 - 35
Latin Finance - September/October 2009 - 36
Latin Finance - September/October 2009 - Structured Finance Forecasts
Latin Finance - September/October 2009 - 38
Latin Finance - September/October 2009 - Grim Outlook. Reform Required
Latin Finance - September/October 2009 - 40
Latin Finance - September/October 2009 - 41
Latin Finance - September/October 2009 - 42
Latin Finance - September/October 2009 - 43
Latin Finance - September/October 2009 - 44
Latin Finance - September/October 2009 - Banorte Seeks to Grow
Latin Finance - September/October 2009 - Peru Spending Hits a Block
Latin Finance - September/October 2009 - 47
Latin Finance - September/October 2009 - 48
Latin Finance - September/October 2009 - 49
Latin Finance - September/October 2009 - BCP Sees Better Days
Latin Finance - September/October 2009 - 51
Latin Finance - September/October 2009 - 52
Latin Finance - September/October 2009 - 53
Latin Finance - September/October 2009 - 54
Latin Finance - September/October 2009 - Caribbean Investment Report
Latin Finance - September/October 2009 - 56
Latin Finance - September/October 2009 - 57
Latin Finance - September/October 2009 - 58
Latin Finance - September/October 2009 - 59
Latin Finance - September/October 2009 - 60
Latin Finance - September/October 2009 - 61
Latin Finance - September/October 2009 - 62
Latin Finance - September/October 2009 - 63
Latin Finance - September/October 2009 - 64
Latin Finance - September/October 2009 - 65
Latin Finance - September/October 2009 - 66
Latin Finance - September/October 2009 - Sustainable Banking
Latin Finance - September/October 2009 - 68
Latin Finance - September/October 2009 - Legal Services Survey
Latin Finance - September/October 2009 - 70
Latin Finance - September/October 2009 - 71
Latin Finance - September/October 2009 - 72
Latin Finance - September/October 2009 - 73
Latin Finance - September/October 2009 - 74
Latin Finance - September/October 2009 - 75
Latin Finance - September/October 2009 - 76
Latin Finance - September/October 2009 - 77
Latin Finance - September/October 2009 - 78
Latin Finance - September/October 2009 - Parting Shot
Latin Finance - September/October 2009 - 80
Latin Finance - September/October 2009 - Cover3
Latin Finance - September/October 2009 - Cover4
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